It might unravel intellectual property, just not in a fair way. When capitalism started, public land was enclosed to create private property. Despite this being in many cases a quite unfair process, we still respect this arrangement.

With AI, a similar process is happening - publicly available information becomes enclosed by the model owners. We will probably get a "vestigial" intellectual property in the form of model ownership, and everyone will pay a rent to use it. In fact, companies might start to gatekeep all the information to only their own LLM flavor, which you will be required to use to get to the information. For example, product documentation and datasheets will be only available by talking to their AI.